Claremont/Lynfrae houses selling fast, and for top prices

The Cape Town property market continues to be the standout performer, consistently outpacing national averages in sales and house price growth. Areas such as Claremont/Lynfrae in particular have seen slightly stronger performance this year compared to other areas.

The convenient location, access to top-tier schools, proximity to the University of Cape Town, and well-maintained infrastructure being strong drivers of the demand for homes with properties often selling faster and closer to asking prices.

For the period January to July 2025 in Claremont & Lynfrae, PropStats data shows a total of 43 houses sold for the combined value of almost R205 million (R204,856,000). The average sale price for this year stands at around R4.7 million (R4,764,093) which is slightly up compared to the first half of 2024.

As a result, sellers have achieved excellent prices with the average gap between asking and selling prices lower compared to last year, now standing at just 2.6%. However, almost 50% of sales were concluded for even closer to the asking price with 21 sales for just about or the full asking price.

The time that it takes to sell a property is also faster this year and now stands at just 22 days (3 weeks) on average. In fact, around 65% of properties sold at an even faster pace than this with a number of sales concluded within just one day to a week. Some properties are even selling before being listed or before going to market.

Sellers have achieved excellent prices with over 37% achieving over R5 million including five sales concluded for over R7 million ranging to a highest price of R8,895m (at almost full price, concluded by Seeff's area specialist, Belinda Keys).

In Lynfrae, Belinda currently holds around 23% market share and has delivered even better results for sellers as illustrated by the exceptional 7 sales already concluded this year, with at least half sold at a much faster pace than the market average. Three sales were concluded for the full asking price or above. As noted, Belinda also achieved the highest price for the year so far at R8,895 million. The sales success is largely due to Belinda's long-standing experience in the area and insight into what buyers are looking for.

In Claremont, Belinda and Delia currently hold around 25% of the market share. Of the sales concluded through Seeff, one was secured at full asking price.

There is huge demand right now with almost nothing to sell, and a waiting list of buyers which presents an outstanding opportunity for sellers. The latest rate cut will no doubt add further to the demand, and now is the time to sell.

If you are thinking of selling, please contact Belinda today for a no-obligation assessment of your property, and let's get you moving!

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